China's Domestic Luxury Consumption Slowed Down In The First Quarter.

< p > although the consumption of luxury goods in China slowed down in the first quarter, it was not the case in luxury stores in London.

For those shopping guides in luxury stores, if at the end of the year or at the beginning of the year, a few Chinese men, aged 30 or so, who are dressed up by tourists are pointing fingers at the thousands of dollars priced on the shelves.

Because the typical Chinese luxury goods buyers are like this. As long as they are well served, they will probably be able to deduct a huge amount of sales into their income pocket.

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< p > at present, from Hongkong to Singapore, from London to New York, in the luxury stores of major cities, visitors from the mainland can see a lot of money.

According to the data released by the global tax rebate company global blue Union, 58% of the "RMB buyers" are men, 46% of them use the opportunity to travel abroad for holiday, and the young buyers aged 16 to 34 account for 45% of the total age.

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Tourism destination in the world is trying to attract these young tourists. These people, wherever they go, are a good news for the local retail industry, especially for luxury stores. P

According to statistics, Chinese tourists spend more time on shopping than foreign tourists.

The group spends more than 700 on average shopping, and no wonder 82% of them regard shopping as one of the most important items on the itinerary.

In the eyes of some Chinese tourists, the shopping guide in Paris's Champs Elysees street, Yi Ming Xuan store is more sweet than Le Louvre museum's Monalisa. London Harrods department is more attractive than British Museum.

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< p > high tariffs on domestic luxury goods, stronger renminbi, more foreign choices and fewer fakes have become the reason why Chinese tourists sweep goods abroad.

But this is not enough to explain why their purchasing power has grown so rapidly: Chinese tourists' spending on shopping in the UK increased by 31% in 2012, accounting for 1/5 of all non EU tourists' spending.

At present, Chinese tourists, together with Middle East tourists and Russian tourists, are among the most popular foreign customers in the UK, and Americans who have been ridiculed as upstarts by British people have been squeezed to fourth place.

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< p > on these Chinese tourists' shopping lists, watches, jewellery, fashion, handbags, cosmetics and wine are top ranking options.

According to global blue Union statistics, luxury brands such as Rolex, Cartire, Chanel, Louis Weedon, GUCCI and Armani are the most popular targets of Chinese tourists.

It is said that more than 30% of the products sold by the luxury goods manufacturer in Britain are sold by Chinese buyers, so it is no wonder that in the past two years, the luxury goods businesses in the UK have launched Chinese shopping guides and introduced the China UnionPay credit card system in order to spend a lot of money on Chinese buyers.

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< p > over the past 12 months, about 150 thousand Chinese have traveled to the United Kingdom. Due to visa restrictions, this number is far less than that of France and Italy in Schengen.

The British Retail Association is actively lobbying the government to relax visa issuance for Chinese people because of its weakness in competition with luxury retailers in Paris, Rome and Berlin.

They do this not just to promote nongovernmental exchanges, but rather to miss important economic buses. According to the world tourism organization, by the year 2020, 100 million Chinese will be able to travel abroad, and their spending on luxury goods may reach a shocking $14 billion 600 million.

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< p > according to the British's little calculation, through the visa system reform, the influx of Chinese tourists will bring 1 billion 200 million pounds of revenue to the British economy.

Last year, Chinese tourists spent more than 300 million pounds in the UK, up 25% from the same period last year, according to the National Bureau of statistics.

For the British economy, which is still on the edge of the road, it is an easy temptation to give up.

Perhaps this time the British economy is no longer James Bond, but a Chinese tourist who swings the renminbi.

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